About Me

Since the 1990s I have been very involved with fighting the military "don't ask don't tell" policy for gays in the military, and with First Amendment issues. Best contact is 571-334-6107 (legitimate calls; messages can be left; if not picked up retry; I don't answer when driving) Three other url's: doaskdotell.com, billboushka.com johnwboushka.com Links to my URLs are provided for legitimate content and user navigation purposes only.
My legal name is "John William Boushka" or "John W. Boushka"; my parents gave me the nickname of "Bill" based on my middle name, and this is how I am generally greeted. This is also the name for my book authorship. On the Web, you can find me as both "Bill Boushka" and "John W. Boushka"; this has been the case since the late 1990s. Sometimes I can be located as "John Boushka" without the "W." That's the identity my parents dealt me in 1943!

Sunday, November 21, 2010

Clarifying Longman's ideas on Social Security and "other people's children"

Is Phillip Longman right in maintaining that people who didn’t have children and who now receive social security benefits are getting their way paid by OPC, “other people’s children.”

Normally a worker earns his benefits (and sometimes those of his or her legal [opposite sex, for now] spouse) by paying FICA taxes on wages, which function more or less like annuity premiums.

The government (that is, the Social Security Administration) then has a legal obligation to pay the retiree benefits at retirement age (now 66, or allowing reduced early retirement). The “obligation” was earned by the FICA taxes being paid (which usually the employer matched, except in case of self-employment).

However, Longman is right in saying that the government’s ability to actually pay benefits depends on practice on the wages earned by “other people’s children” if you were childless. Without OPC wages (in a “Children of Men” world), the SSA would go bankrupt, and less benefits would be paid according to some court proceeding.

So his proposal to exempt parents from some FICA tax could make sense.

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